MIRA INFORM REPORT
|
Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUNTEX FIBER CO., LTD. |
|
|
|
|
Registered Office : |
No.91,Pei-Yuan Rd.,Ho Mei Chang Hwa |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
20.12.1982 |
|
|
|
|
Com. Reg. No.: |
59326215 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sales of fiber products |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact name and address are as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Awards
|
Year |
Awards |
|
2007 |
Blue chip
importer and exporter |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
Tianmu Bai |
2,400 |
|
Jinfa Bai |
|
|
21,910 |
|
|
Hongyu Bai |
24,550 |
|
Afeng Bai |
17,700 |
|
Laifa Bai |
14,600 |
The information above
is that of subject’s major shareholders.
Subsidiaries &
Branches
Factory:
|
Address: |
No.91,Pei-Yuan Rd.,Ho Mei Chang Hwa, Taiwan |
|
Telephone Number: |
+886-4-7568176 |
|
Fax Number: |
+886-4-7568197 |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Tianmu Bai |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jinfa Bai |
|
Position |
Director |
|
3 |
|
|
Name |
Hongyu Bai |
|
Position |
Director |
|
4 |
|
|
Name |
Afeng Bai |
|
Position |
Director |
|
5 |
|
|
Name |
Laifa Bai |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
Over 200 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a manufacturer of fiber products.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture, processing and sales of all kinds of
synthetic fibre |
|
2 |
Import and export business of the raw materials
and products of above mentioned items |
l
Subject purchases Nylon grains from the suppliers
including BASF、INVISTA、RHODIA、RADICHI、SOLUTIA.
l
The subject is mainly engaged in sales of fiber products
such as Nylon6, Nulon66, etc
l
Subject’s products are both in domestic and
overseas market and it is introduced that subject exports to South Korea, etc
l
Subject’s products are mainly applied to Sportswear
manufacturing industry and auto industry, etc
l
Subject’s general delivery date for Nylon66 is
about 50 days after order.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials, etc |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Payment Terms |
Proportion |
|
|
Fiber products |
COD, etc |
100% |
Export
|
Payment Terms |
Proportion |
|
|
Fiber products |
T/T in advance, L/C at sight, etc |
100% |
Financial
Information
Subject has no obligations to disclose its financial statements to the third
party according to the relevant policy in Taiwan and the only source from which
we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Huang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details; from other source we can
not obtain the relevant information, either.
Public
Record
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview
Details
|
Name |
Ms. Huang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.03 |
|
UK Pound |
1 |
Rs.76.60 |
|
Euro |
1 |
Rs.66.80 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.